Key stats
About FIDELITY CANADIAN VALUE ETF UNIT SER L
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Inception date
Jun 5, 2020
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
The fund is passively managed to target the Canadian value equity space. The fund holds large- and mid-cap Canadian stocks that are identified to be undervalued within their respective sectors based on a composite value score, subject to a size factor adjustment. The value score is generally taken from the weighted average of four metrics: free cash flow yield, EV/EBITDA, P/B, and forward P/E, except for banks wherein only P/B and forward P/E are considered. The resulting portfolio of about 60-100 stocks is weighted by value score and rebalanced on a semi-annual basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Energy Minerals
Non-Energy Minerals
Stocks99.95%
Finance40.30%
Energy Minerals15.26%
Non-Energy Minerals14.97%
Utilities4.93%
Communications4.39%
Technology Services4.23%
Transportation3.47%
Process Industries2.61%
Industrial Services2.30%
Consumer Services2.08%
Health Services1.91%
Health Technology1.84%
Distribution Services1.02%
Commercial Services0.41%
Electronic Technology0.23%
Bonds, Cash & Other0.05%
Cash0.05%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history